AML stands for Anti-Money Laundering. It refers to laws, regulations, and procedures intended to prevent criminals from disguising illegally obtained funds as legitimate income. At TRUST CRYPTO EXCHANGE, we follow AML guidelines to ensure a secure and compliant environment for all users.
Who is required to implement AML compliance in crypto?
Exchanges, custodial wallets, OTC desks, brokers, NFT and DeFi platforms, and any virtual asset service provider (VASP) that processes transactions or holds customer assets are expected to comply.
Can AML compliance tools help prevent fraud and scams in crypto?
Yes. By flagging suspicious addresses, detecting high-risk patterns, and screening counterparties, compliance tools reduce fraud and scam exposure. AMLBot’s monitoring helps businesses avoid transactions linked to hacks, darknet markets, or sanctioned entities.